Spring ISD board lowers tax rate

Like many school districts in the Houston area, rising property valuations are bringing down school district tax rates for Spring ISD.

The district’s board of trustees voted last week to lower the rate to $1.51 per $100 of assessed value, down from the $1.57 rate from 2013.

But, as is the case in many of the other districts in the area, this doesn’t mean that residents will see their tax rate go down because their property values have gone up so much.

“Although we are not promising a decrease in tax payment due to the increase in property values, we are very pleased to be able to offset the increase in property taxes with this substantial decrease in the tax rate,” Spring ISD Chief Financial Officer Christine Porter said in a statement Friday.